KENNESAW, Ga. and WAUKESHA, Wis., March 27, 2017 /PRNewswire/ -- Brand Energy & Infrastructure Services ("Brand") and Safway Group ("Safway"), which announced an agreement to combine on March 20, 2017, today announced that Safway's President and Chief Executive Officer Bill Hayes will become the President and CEO of the combined entity when the transaction closes. Brand Chairman and CEO Paul Wood will become a Senior Advisor and Chairman Emeritus.
"The opportunity that lies ahead for the combined Brand and Safway businesses is tremendous, and the chance to lead this next chapter is humbling and incredibly exciting," said Mr. Hayes. "I share Paul's safety-first mindset, starting with top leaders, and his focus on service quality and the flawless execution that our customers need from us. Their success will continue to drive our business. I couldn't be more confident in our ability to succeed, or more honored to be a part of what will be a great integrated industrial and commercial services company with broad capabilities, increased geographic coverage and innovative solutions for customers globally."
Mr. Wood added: "I look forward to working closely with Bill during the transition and continuing to support the combined company's commitment to deliver value to customers and rewarding career opportunities to our employees. I am proud that we are bringing together two great organizations and am confident that as a single enterprise, the growth outlook is bright."
In addition, it was announced that the global headquarters of the combined entity will be Atlanta, GA. The combined company intends to maintain a significance presence in Waukesha, WI.
With more than 115 locations in the U.S. and Canada, Safway is a leading provider of scaffolding and motorized aerial access solutions and insulation and coating services to commercial, industrial and infrastructure customers in North America. Brand, which operates on six continents from more than 210 branches, is a leading provider of specialized services to global energy, industrial and infrastructure customers, including work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing & refractory, mechanical services, forming & shoring and other complementary specialty services. Both organizations are recognized by customers and industry organizations for their outstanding safety records.
At closing, which is expected to occur in the third quarter of 2017, the combined business will have annual sales of approximately $5 billion. The combination brings together the complementary strengths of both companies, including experienced, skilled and dedicated employees, a safety-first mentality, broad service distribution, innovation, operational excellence and a deep commitment to exceptional customer service. The companies will continue to operate independently until the transaction closes.
Brand Energy & Infrastructure Services, Inc. is a premier global provider of specialized services to energy, industrial and infrastructure customers. Brand combines a global footprint, broad service offerings and rigorous operating processes to support customers' required facility maintenance and turnaround needs and capital-driven upgrade and expansion plans. Brand's range of services includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming & shoring and other complementary specialty services. Brand delivers services through a global network of more than 210 strategically located branches in six continents, with a particular focus on the major hydrocarbon and power generation industries globally. In addition, Brand has over 140 co-located branches at energy-related customer facilities providing a consistent presence for required maintenance work. Brand maintains an extensive field service organization consisting of skilled craftspeople capable of providing various industrial services to customers. Brand's global presence and established customer base provides a platform for continued maintenance-driven growth while also positioning the company to capitalize on increases in capital and infrastructure spending across its served markets. For additional information, visit www.beis.com.
About Safway Group
With more than 115 locations in the U.S. and Canada and distribution channels worldwide, Safway Group delivers high-performance multiservice solutions – THE SMART WAY®. Offering the widest range of equipment and the deep expertise in access, scaffolding, insulation, fireproofing and coatings, Safway Group companies include All-American Scaffold; CL Coatings; Dalco; Industrial Coatings & Fireproofing; MobleySafway; New England Scaffolding; Redi Solutions; Safway Atlantic; Safway Services; Safway Services Canada; S&E Bridge & Scaffold; and Swing Staging. With the most advanced engineering team; an exclusive project management system; award-winning safety; market-leading brands including Spider®, Power Climber® and Power Climber Wind®; and proprietary products like the QuikDeck® Suspended Access System, Safway Group companies design and implement innovative, quality solutions at the lowest total installed cost for projects of any size and scope. Safway has been an industry leader since 1936 and serves commercial construction, elevator, infrastructure (bridges, railroads, airports, shipping ports, stadiums and arenas), manufacturing, marine, petrochemical, power (traditional and renewable), and oil and gas customers worldwide. For more information about Safway Group, visit: www.safwaygroup.com.
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SOURCE Brand Energy & Infrastructure Services, Inc. and Safway Group